GBP/JPY – 30M – SELLAdditionally a ‘Double bottom retreat down’ chart formation is existing. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.183 |
| 2nd High | 199.132 |
| Next High | 198.813 |
| Current Price | 198.65100 |
| Next Low | 198.267 |
| 2nd Low | 198.119 |
| 3rd Low | 197.854 |
198.657 – 198.813 – 199.132 – 198.267 – 198.281 – 198.459 — 47.318797947037 – 40.764578364991 — 56.329871456931 – 28.92234094154 – 71.461301183728 – 53.765338073079
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double bottom retreat down – –